Jefferies Maintains its Hold Position and $80 PT on McDonald's

Jefferies & Company maintained its Hold Position and Price Target of $80 on shares of McDonalds(

). Jefferies reported,"We recently spent time with investors at MCD headquarters, meeting with CFO Pete Bensen & APMEA CFO Dave Garland. We came away with increased confidence in the US & APMEA businesses as domestic SSS start to benefit from flattening check average and Japan starts to recover. N-T we see opportunities for margin-positive chicken line extensions, while bigger new product news likely in '12/‘13. We rate MCD Hold with $80PT." Shares of Mcdonald's Corp closed at 78.31 on Friday.